Beatrice Lang
Texas has a deregulated energy market, which means that there are over 100 electricity providers to choose from, each offering different plans and features. The Electric Reliability Council of Texas (ERCOT) oversees the electricity market, ensuring fair competition and consumer protection. There are three types of electricity companies in Texas: Retail Electricity Providers (REPs), Transmission and Distribution Service Providers (TDSPs), and electricity generators. REPs sell plans, manage accounts, and handle billing and meter readings, while TDSPs maintain the infrastructure that delivers electricity to your home. When it comes to Spectrum Electric Company, sources mention a company by this name in Corinth, Texas, which holds a valid electrician license and has worked on several permitted projects. However, it is not clear if this company is one of the four utility companies that serve the majority of the state.
| Characteristics | Values |
|---|---|
| Location | 3505 Parkview Cir, Corinth, TX |
| License | Electrician license and 3 other licenses |
| License Number | 27679, K130097, E-1033279, R11-0543 |
| BuildZoom Score | 105 |
| Number of Projects | 25-56 |
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What You'll Learn
Spectrum Electric Company is licensed in Texas
Spectrum Electric Company is a licensed electrical contractor in Texas. The company is located at 3505 Parkview Cir, Corinth, TX.
Spectrum Electric Company holds an electrician license and three other licenses according to the Texas license board. Their licenses were verified as active when last checked. The company has a BuildZoom score of 105, ranking in the top 8% of 222,249 Texas licensed contractors.
The Texas Department of Licensing and Regulation (TDLR) regulates HVAC and electrical contractors in the state. The TDLR does not require general contractors to carry a surety bond, nor is there a state recovery fund. The BuildZoom score is based on factors such as the contractor's license status, insurance status, verified work history, and standing with local consumer interest groups.
Spectrum Electric Company has worked on at least 25 projects over the past three years, with building permit records showing 56 permitted projects. The company's recent work includes an 80'x50' pole barn.
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The company has worked on 56 permitted projects
The Spectrum Electric Company, based in Corinth, Texas, has worked on 56 permitted projects. The company holds an electrician license and three other licenses, including an Ek State Electrical Contractor license, according to the Texas license board. Spectrum Electric Company currently holds license numbers 27679, K130097, E-1033279, and R11-0543. Their BuildZoom score of 105 ranks in the top 8% of Texas contractors.
The Texas Department of Licensing and Regulation (TDLR) does not require general contractors to carry a surety bond, nor is there a state recovery fund. The TDLR also does not perform financial or criminal background checks on general contractors. However, the State's Department of Public Safety maintains a publicly accessible database where individuals can run their own background checks on contractors before hiring.
Before hiring a contractor in Texas, it is recommended to verify their license status with the license board. Additionally, it is advised to ask your general contractor to provide evidence of workers' compensation and general liability insurance, even though it is not a regulatory requirement. The Texas Department of Licensing and Regulation (TDLR) regulates HVAC and electrical contractors, and their license status can be verified on the TDLR website.
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The company has a BuildZoom score of 105
The Spectrum Electric Company, based in Corinth, Texas, has a BuildZoom score of 105. This score places the company in the top 8% of Texas-licensed contractors, with only 8% of contractors achieving a higher score.
BuildZoom is a platform that allows users to search for local contractors and view their reviews, pricing, and other information. It is a comprehensive database of contractors and permits in the United States, with over 1.5 million contractors listed. The platform is a valuable resource for consumers, who can search for the best contractor for their project by answering simple questions about project details and receiving bids from local contractors.
The BuildZoom score is based on various factors, including the contractor's license status, insurance status, verified work history, standing with local consumer interest groups, and reviews from BuildZoom users. A contractor can influence their score by providing high-quality answers to consumer questions and consistently following up with clients referred to them by BuildZoom. However, these actions would never outweigh the status of their license. For example, a contractor with a suspended license will have their score rank in the bottom 10% of all contractors, regardless of their level of participation on BuildZoom.
Spectrum Electric Company's score of 105 indicates that they are a highly-rated contractor on BuildZoom, with a score that places them above 92% of contractors in Texas. The company holds an active electrician license and three other licenses, according to the Texas license board. They have worked on at least 25 projects over the past three years, with building permit records showing a total of 56 permitted projects, including an 80'x50' pole barn.
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Texas has a deregulated energy market
The wholesale generation market was deregulated in 1995, and the distribution market followed in 1999 with Texas Senate Bill 7. This replaced the previous system, where power was generated and consumed locally by the same utility. As a result, 85% of Texas power consumers could choose their electricity service from a range of REPs, including the incumbent utility. However, several cities and regions, including Austin, San Antonio, and El Paso, have not adopted deregulation and continue with municipally-owned utilities or electric cooperatives.
The deregulated market in Texas has had mixed results. On the one hand, it has given consumers the ability to compare energy rates and choose providers that align with their values and offer competitive rates and plans. Additionally, the profitable and growing Texas electricity market has attracted significant investment from wind power companies, leading to positive environmental impacts.
However, according to a 2014 report by the Texas Coalition for Affordable Power (TCAP), deregulation cost Texans about $22 billion from 2002 to 2012. The report also found that residents in the deregulated market paid higher prices than those in regulated areas. During the February 2021 North American winter storm, wholesale electricity prices surged, and Texans who paid wholesale prices received exceptionally high electric bills.
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Texas Electricity Ratings ranks the best electricity companies
In 2024, Texas Electricity Ratings ranked Champion Energy, Payless Power, Constellation, Tri-Eagle, and Reliant Energy as the top five best electricity companies in Texas. Constellation is the nation's leading provider of carbon-free energy and has a commitment to be 100% carbon-free by 2040. They serve over 2.5 million residential and business customers across the United States. TriEagle Energy has been a well-respected leader in the Texas retail energy industry for 20 years and is known for delivering value through energy cost savings and understanding the energy needs of its customers. Reliant Energy is one of the largest electricity providers in the state of Texas and offers a plethora of fixed-rate plans, including options for renewable energy.
Other notable electricity companies in Texas include Cirro Energy, OnPoint Energy, Pulse Power, and New Power Texas. Cirro Energy, founded in 2001, offers a wide range of fixed-rate plans with unique bundles and incentives, along with excellent customer service. OnPoint Energy is a trusted name in the industry, known for its commitment to innovation and customer satisfaction. Pulse Power provides convenient, affordable, and hassle-free electricity plans that cater to the lifestyles of Texans. New Power Texas, which entered the market in 2018, offers multiple fixed-rate plans with advanced customization options and incentives such as free air filters and paperless discounts.
Additionally, there is a Spectrum Electric Company in Corinth, Texas, which holds an electrician license and three other licenses, according to the Texas license board. They have a BuildZoom score of 105, ranking in the top 8% of licensed contractors in Texas.
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Frequently asked questions
Spectrum Electric Company is a Corinth, Texas-based company that holds an Electrician license and three other licenses according to the Texas license board.
The BuildZoom score of the Spectrum Electric Company is 105, which ranks in the top 8% of Texas-licensed contractors.
Only certain types of specialty contractors (e.g. HVAC, electrical) need to be licensed in Texas. There are no licensing requirements when it comes to hiring for a construction or major remodeling project.
A Retail Electricity Provider (REP) in Texas provides retail electric plans to consumers and handles billing and customer service.
There are a variety of factors to consider when finding the best electricity company in Texas, including customer service, plan selection, deposit policies, customer reviews, and other indicators.
